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Financing in Orlando : Real Estate Advice

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Activity 128
Sat Nov 19, 2011
Frank J.Petracca answered:
With established credit.Good rule of thumb.
BK 13 = 1 year
BK 7 = 2 year
Foreclosure = 3 years

Of course it's always the lenders call.Never pay debts by cash ,always show proof of payments on time,ect..
Good Luck
Frank J.Petracca
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Thu Apr 21, 2011
Jeramie Vaine answered:
Flurtycat,

On this site the information may not be as searchable as it is on the MLS. There are a few properties I have come across on the MLS that have owner financing in place. These properties vary in styles and in prices, you can search from my site or I'd happy to help set you one up.

Best of Luck
Jeramie Vaine
jvaine1@gmail.com
978.870.9429
... more
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Tue Jan 18, 2011
Flurtycat asked:
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Mon Oct 31, 2016
Mark LeMenager answered:
Check out the USDA and NSP programs.
0 votes 25 answers Share Flag
Thu Dec 23, 2010
answered:
Absolutely. You may borrow even more depending on the type of property, how much you have in reserves, etc. There are some requirements to be met such as minimum loan amount, debt to income ratio, and others. Rates vary depending on the type of program selected. Presently helping a client from New Zealand buying in Florida. Call or email me to discuss.

Jose Morales
Florida Mortgage Coach
561-432-9237
info@floridamortgagecoach.com
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0 votes 7 answers Share Flag
Sun Nov 28, 2010
Mark LeMenager answered:
No, it's no the fastest ever. I've done one in less than 2 weeks. In any case, the only person who can answer this question is the loan underwriter. Have your mortgage broker ask him or her. ... more
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Mon Nov 22, 2010
Audra McCollum answered:
Sounds like your best bet may be a hard money lender.

Good luck!

Audra
0 votes 2 answers Share Flag
Wed Feb 23, 2011
answered:
Hi, Angelica

Major bank are not very proficient when it comes to mortgages. Their expertise is checking/saving accounts, CD's and credit cards. That were they make the substantial bulk of their money and truly excell at!

The issue is that you work for your husband and your co. (at least it sounds like it) temporarily shut down for 8 months until the new office was completed. Based on what you've shared, and if you've been a W2 employee to date, the solution is simple:

- 08 & 09 W2s
- Last 30 day paystubs
- LOX explaining the 8 month gap in your salary as being a temporary laid off.

This and a different lender, go to a mortgage broker or coorespondent direct lener, should do it.
I work for a direct lender with licensed and knowledgeable LO for FLorida that can assist you if you wish.
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Thu Nov 23, 2017
Marsha Adams answered:
Please call me and I can give you a lender reference. This is the vice president of a company that is very knowledgeable of the 203K loan process and loves down payment assistance. Thank you. Marsha Adams Century 21 Executive Team ... more
0 votes 18 answers Share Flag
Sat Oct 2, 2010
Anna M Brocco answered:
If you recently filed for bankruptcy, highly unlikely you would qualify for a loan--thereafter, much will depend on the bankruptcy discharge date, credit score, overall finances, amount of money down, etc. ... more
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Fri Oct 1, 2010
Flguy asked:
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Tue Aug 27, 2013
Antonio Vega-Pacheco answered:
Linda:

It all depends on the Complex. Has to do with the amount of residents not paying their HOA. If over 20% are in default it gets difficult to find financing. Don't give up, there are many lenders out there that may be able to help. Try this guy, he might be able to help you.
Eddie Hoskins
President/CEO
First Florida Financial Group, LLC
Correspondent Mortgage Lender
Fort Myers, Florida
1-877-424-4562
www.FirstFLFinancial.com
Eddie@FirstFLFinancial.com

Hope things work out.

Tony Vega
Charles Rutenberg Realty
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0 votes 15 answers Share Flag
Thu Sep 16, 2010
Raquel Berdichevsky answered:
Ready/2buy

If you have 2 years tax returns, are in the US legally, with a permit to work, you will be entitled to get a mortgage on a residential property. It is subject to proof of income, etc. but I could put you in touch with one of the mortgage brokers in oiur company, who specializes in buyers with visas and you could discuss your optioons with him/her. Once we know what you qualify for, we coulld take this matter further.
If you are interested, I'd be delighted to discuss this further.
Please contact me on raquel@orlandorealtyqueen.com or call me on 407453-0292
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Tue Sep 14, 2010
Dp2 answered:
Please don't take my comments to be any form of legal advise--it's not.

Your comment, "take your NAME off the NOTE" doesn't make sense--unless more than 1 name is on the note. Keep in mind that a bankruptcy judge has the ability to cancel/unwind any transaction that has happened within +/- 6 months of the bankruptcy.

You'll need to determine whether you can afford to continue to pay your mortgage(s). Regardless of whether the property is upside-down, if you're not paying the mortgage(s), then your lender(s) can foreclose their interests, and take away your home.

If you can't afford to pay your mortgage, then you should try to sell as soon as possible. You might consider selling with seller financing, and please keep me in mind if you're open to this.
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Mon Aug 9, 2010
asked:
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Fri Aug 20, 2010
Celine F answered:
Paying off debt does not mean that you will increase your credit score. Debt ratio, credit history, jobs, home address, etc. ... can make a difference to the scores. You have to learn how to read your reports and see what is on it and what you can do to actually build a better profile. Check out www.worldsbestcreditrepair.com ... more
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Mon Jul 26, 2010
Paula Bean answered:
I know some hard money lenders that my investors use. We would need to discuss terms, interest rates, etc to find the best fit for you. Call me at 407-347-7493 or email me at PaulaBean@HomeOrlando.com and I'll be happy to help. ... more
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Thu Jul 22, 2010
Carl Henker answered:
If you use only her credit you are limited to only her income. Will her income qualify for the loan amount needed for your next purchase? Sit down and talk with a lender to explore your options. ... more
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Thu Oct 27, 2011
Alma Kee answered:
Hi Frank,

I can highly recommend Kristine Bredeau with HomeBanc:

Kristine Bredeau, Vice President
Mortgage Branch Manager

3725 West Grace Street Suite 300
Tampa, Florida 33607
Direct: 813-549-7234
email: Kristine.Bredeau@homebanc.com
Apply On-Line: www.KristineBredeau.com

All the best,
Alma
... more
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Wed Jun 2, 2010
Ckm407469 asked:
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